In a time of significant market consolidations—Compass acquiring Anywhere, Keller Williams bringing on a private equity firm, Rocket Companies acquiring Redfin and more—Howard Hanna Real Estate Services is expanding its business with its entrance into the New York City market with the acquisition of Manhattan-based Elegran Real Estate, which claims around 150 agents. The company…
The Federal Reserve’s next Federal Open Market Committee (FOMC), where they decide the direction of monetary policy, will be held Oct. 28 – 29. In the meantime, members of the Federal Reserve are keeping busy with public appearances. At the Invest in America forum hosted by CNBC, Fed Governor Stephen Miran sat down for a…
Despite the uncertainty surrounding the length of the government shutdown and its ongoing effects, Federal Reserve Chair Jerome Powell yesterday highlighted concerns over employment data as all eyes are on the Federal Open Market Committee (FOMC) and a potential interest rate cut ahead of their next meeting Oct. 28-29. In a speech at the National…
The government shutdown reaches its 15th day, leaving the housing market scarce as new pending sales pull back and buyer traffic slows down. With an unclear future for when the shutdown will end, mortgage applications decrease for the third consecutive week. The Mortgage Bankers Association (MBA) reports that the market composite index—the measure of mortgage…
In a hearing today for the copyright lawsuit filed by CoStar against Zillow, Judge Edgardo Ramos of the Southern District of New York ordered both parties to submit more detailed arguments regarding the proper venue for the lawsuit, with CoStar previewing how it will allege Zillow is responsible for what the company claimed “may be…
Homeownership is a daunting but desirable goal for many young Americans, yet many struggle to afford housing. In a survey from Redfin earlier this fall, 40% of millennials and Gen Z renters stopped dining out so they could afford their rent. The 30-year fixed-rate mortgage (FRM) has remained steady for weeks, and currently sits at…
Compass CEO Robert Reffkin has been unafraid to challenge other industry figures. Reffkin has been an outspoken critic of the National Association of Realtors®’ (NAR) Clear Cooperation Policy, and Compass is currently engaged in litigation with Zillow over the latter’s new listing rules. Reffkin has previously claimed that Zillow, NAR and MLSs “exploit” agents in…
As the government shutdown reaches day 14, the future remains uncertain. Although the Senate is set to reconvene today to vote on a Republican short-term spending measure, the fact that this is the eighth vote on the matter with little movement on stances from lawmakers has left much to be desired in terms of a…
Above, Nykia Wright Reaffirming a commitment to “transparency, accountability, discipline and focus,” National Association of Realtors® (NAR) CEO Nykia Wright recently published a letter to membership that introduced the organization’s value proposition for 2026 – 2028 and the development of its 2026 – 2028 Strategic Plan. Wright also announced that NAR will be publishing its…
Editor’s note: The COURT REPORT is RISMedia’s weekly look at current and upcoming lawsuits, investigations and other legal developments around real estate. Judge denies Zillow’s request in Compass lawsuit Judge Jeannette Vargas has denied Zillow’s request to rule on several initial disputes and issues over an injunction in the Compass vs. Zillow lawsuit. Zillow had…
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